Report: Yankees trying to void A-Rod's contract

With Alex Rodriguez facing new allegations related to performance-enhancing drugs, the New York Yankees are mulling ways to void the remainder of his massive contract, ESPN.com reported.

The report stated the Yankees owe Rodriguez $114 million over the next five years.

Major League Baseball players Rodriguez, Gio Gonzalez, Nelson Cruz and Melky Cabrera are among the athletes connected to performance-enhancing drugs to appear on records from a Miami anti-aging clinic, according to a Miami New Times report.

Rodriguez issued a statement denying any connection to the Miami company.

The New Times report includes records from Biogenesis, a South Florida clinic, which cites those players as being among those who received various performance-enhancing substances from clinic head Anthony Bosch, who is already being investigated by MLB and the DEA.

“We are always extremely disappointed to learn of potential links between players and the use of performance-enhancing substances,” Major League Baseball said a statement. “These developments, however, provide evidence of the comprehensive nature of our anti-drug efforts. Through our Department of Investigations, we have been actively involved in the issues in South Florida. It is also important to note that three of the players allegedly involved have already been disciplined under the Joint Drug Program.”